re: Derek Carr has retired

Seems they told Carr the $10M or we will go after everything

It's not going to be a clean, straightforward thing because if what I heard is true they are undoing the restructure, he gets the roster bonus still, plus whatever guarantees were left from this prior to the restructure. The caveat is another $30m was going to become guaranteed in March, but that got rolled in with the restructure. This is the $30 I believe we are getting back.

quote:

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Contract Notes
Derek Carr signed a four year, $150 million contract with the Saints on March 6, 2023. $100 million of the contract is guaranteed, with $60 million fully guaranteed at signing. Per PFT, Carr received a $28.5 million signing bonus and his 2023 and 2024 base salaries are fully guaranteed. If on the roster in March of 2024, a $10 million roster bonus due in 2025 will become fully guaranteed. Another $30 million in salary in 2025 will be guaranteed if on the roster that March. Carr has a no trade clause as part of his contract. We are assuming that the Saints included a void year for salary cap purposes but that is not yet confirmed.

Per a report from Jeremy Fowler of ESPN, New Orleans completed a contract restructure to save $23 million in 2024 cap space.

The Saints restructured Carr's contract again in 2025. Reports of the restructure indicated $30 million in savings. We are currently estimating a full restructure to save $30.996 million in cap room. We will further update the numbers once we confirm the amount.

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So I'm still trying to untangle what was from before from what is now to figure the exact numbers, but I think someone floated something out there already which is likely correct.

Edit:
Basically between the $10m roster and $30m from base salary for a $40m combined, we decided not to fight him on the $10m roster bonus if he didn't fight us on the other $30m. We could have tried to get all $40m but it isn't a sure thing we would have won it all, thus the arbitration of splitting what he got to keep.

The $30m would have been much easier to argue and get back since that was going to be from his base salary, which he would not be playing to earn. The $10m would have been harder to get back since he was still on the roster at that point.

Yeah it's weird with the undoing of the restructure and where all the dead money was going to hit, but something like that.

The extra $2ish mil is from the unguaranteed portion of his base salary that wasn't converted. We would have gotten that back regardless of how the arbitration went (thus the reported $30m back).

Thanks.
And still stoked about all this. Best news in two years next to DA.

I am SO fricking glad DA is gone. That was such a huge albatross around the team's neck. Worst decision Mickey every made.

I don’t think you’re right. It’s been said the saints let him have it and chose not to argue it

Sorry I can only get about one paragraph attention span

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Really went out on a limb there

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I can bump the thread. You’d be shocked by how many was in favor of the hire…

Carr has the $aints over the barrel. There's no way he walks away from $30M. If you really believe then there is a tv sportscaster job in your future.
He will simply unretire two weeks before the start of the regular season. He will attempt to get released with the monies owed. Carr's retirement is a farce.

Says Saints will be about $12.7M over cap in 2026. If they carry over all 2025 cap space left after Carr / Ram post 1 June cuts they will be in positive cap space for 2026.

Does anybody know what that positive number is for 2026?